FX.co ★ Patterns GBPCHF | British Pound (GBP) to Swiss Franc (CHF) Rate in the Forex market

The Double Top reversal pattern has been formed on GBPCHF H1. Characteristics: the upper boundary 1.0798; the lower boundary 1.0773; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 1.0773 with a possible movements towards the 1.0733 level.

The Triple Top pattern has formed on the chart of the GBPCHF M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.0768/1.0782 with the upper limit 1.0782/1.0789; the projection of the width is 14 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.0768, the price is most likely to continue the downward movement.

On the chart of the GBPCHF M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.0768, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 14 points.

The Double Top pattern has been formed on GBPCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0768 is broken, the downward movement will continue.

The Bullish pennant signal – Trading instrument GBPCHF M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.0732, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M30, GBPCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0728 - 0.0000 and support 1.0709 – 1.0709. In case the resistance level 1.0709 - 1.0709 is broken, the instrument is likely to follow the bearish trend.

The Triple Bottom pattern has been formed on GBPCHF M30. It has the following characteristics: resistance level 1.0740/1.0724; support level 1.0714/1.0710; the width is 26 points. In the event of a breakdown of the resistance level of 1.0740, the price is likely to continue an upward movement at least to 1.0741.

The Triple Bottom pattern has formed on the chart of the GBPCHF M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.0751/1.0741.

The Double Top reversal pattern has been formed on GBPCHF M15. Characteristics: the upper boundary 1.0746; the lower boundary 1.0736; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 1.0736 with a possible movements towards the 1.0713 level.

On the chart of GBPCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0716; the lower boundary 1.0688; the width of the pattern 28 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0658 level.